document.write( "Question 1168961: Suppose that you save for retirement by contributing the same amount each month from your 23rd birthday until your 65th birthday, in an account that pays a steady 5% annual interest compounded monthly. How much will be in your fund if you get a steady return of 7.5% compounded monthly? \n" ); document.write( "
Algebra.Com's Answer #793649 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I can not give you a quantitative solution, since you do not provide the amount value deposited each month.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "But I will give you something more valuable, instead - the links to the lessons exposing the theory, \r \n" ); document.write( "\n" ); document.write( "the method and the solved problems - - - your TEMPLATES.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "On ordinary annuity saving plans, see my lessons \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " - Ordinary Annuity saving plans and geometric progressions\r \n" ); document.write( "\n" ); document.write( " - Solved problems on Ordinary Annuity saving plans \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Happy learning (!)\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |